COURSE OUTLINE

Conceptual Framework

Definition, recognition and measurement of the elements of financial statements

Concepts of capital

Future developments

Elements: Part 1

Owners’ equity:share capital and reserves

Fair value measurement

Revenue from contracts with customers

Provisions, contingent liabilities and contingent assets

Income taxes

Financial instruments

Share-based payment

Elements: Part 2

Inventories

Employee benefits

Property, plant and equipment

Leases

Intangible assets

Business combinations

Impairment of assets

Presentation and Disclosures

Financial statement and presentation

Statement of cash flow

Operating segments

Other keynotes disclosures

Economic Entities

Consolidation: controlled entities

Consolidation:wholly owned subsidiaries

Consolidation: intragroup transactions

Consolidation: non-controlling interest

Translation of the financial statements of foreign entities

Target audience

This IFRS course is suitable for:

Accounting and financial specialists, professionals and practitioners who wish to develop a greater understanding of the key concepts and applications of IFRS.

Those aiming for organizational adoption of IFRS to enable greater fluency in their financial reporting and establish a global understanding of their accounting practice in an increasingly internationalized business world.

Accounting and finance staff of entities that have been mandated to be IFRS compliant.

Learning outcomes

Upon completion of this IFRS training course, you will be able to understand:

The role of the International Accounting Standards Board (IASB) in setting international accounting standards.

The element of equity in financial statements, its various components and the accounting for transactions that give rise to these components.

Accounting requirements for IFRS 13 Fair Value Measurement.

Accounting requirements for IFRS 15 Revenue from Contracts with Customers.

The principles that underlie the preparation of general purpose financial statements in order to provide information that is useful for creditors and investors and other users in making decisions about providing resources to the entity.

How to present a statement of cash flows in accordance with IAS 7 Statement of Cash Flows.